Chinese companies have invested $30 billion over the past five years building pipelines to transport gas from Sichuan, Xinjiang and Ordos in Inner Mongolia to urban centers in the east, Sanford Bernstein & Co. said in an Oct. 13 report.
China Gas estimates about a third of China’s population has access to piped gas. “It means there’s tremendous potential for the sale of bottled LPG in areas still not served by pipelines,” Leung said.
PetroChina estimates that the nation’s gas demand will rise to 215 billion cubic meters by 2015 from about 80 billion cubic meters last year, President Zhou Jiping said on Aug. 28.
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